30th October 2019
Over the last year, HSBC has supported nearly 3000 start-ups in the South West and, at the other end of the scale, backed several multi-bank facilities worth upwards of £100m.
“The South West’s varied economy is its strength – it helps make it resilient. We have a strong professional services sector, manufacturing (including aerospace), an exciting tech sector and thriving universities which are generating spin-out companies. That’s why HSBC has made sure it can offer the full commercial banking service across its offices - from Truro to Cheltenham - not just the major cities” said James, who is Head of Corporate Banking for Avon, Gloucestershire & Wiltshire at the banking giant.
Despite uncertainties around Brexit, James explained: “There is plenty of liquidity in the market… good businesses should not (in my opinion) find it difficult to access funding.” However, “investment decisions are being delayed by some businesses and there is justified concern around the impact of ﬂuctuating exchange rates” he added.
Click here to read the interview in full, as published in the November 2019 issue of Insider South West.
Find out more about the 2019 Dealmakers Awards winners here.
To discuss your business financing needs, please get in touch with Mike Tomlin or a member of the Banking, Finance and Secured Lending team at Thrings.